To borrow from Britain’s Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure. Crashes, contagion, and collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions. After all, the largest cryptocurrency, bitcoin, has not kept its head above water for more than a week at
The demand for tobacco has been set at a record 85.8 million kilograms for the next year, significantly higher than the current year’s 53.575m kg, leaf managers and growers told Dawn on Wednesday. The high requirements, announced by the buyers through the Pakistan Tobacco Board (PTB), have sent officials of multinational and national tobacco companies scurrying around the fields to secure agree
Trading in the privately placed Rs8 billion bond of the Bank of Punjab Ltd (BoP) will commence on the Pakistan Stock Exchange (PSX) on Friday, Dec 23. Locally known as a term finance certificate (TFC), the debt instrument will contribute towards the bank’s Additional Tier 1 Capital for the capital adequacy ratio (CAR). This category of capital consists of instruments that aren’t equity but can
China assured Pakistan on Wednesday that it is ready to help Islamabad in every possible way following its request for about $8.75 billion in an additional financial package, including the rollover of debt, bank deposits and currency swaps. Chinese Ambassador in Islamabad Nong Rong called on Finance Minister Ishaq Dar on Wednesday and “assured continuous support of the Chinese government to Pak
At a time when billions of rupees in revenue from new tax measures are stuck in litigation, Finance Minister Ishaq Dar on Wednesday asked top tax officials to gear up efforts to collect maximum revenue to narrow the gap with International Monetary Fund over annual tax collection projection. Mr Dar held a meeting on revenue performance at FBR headquarters. Chairman Asim Ahmed briefed the mini